Vizora日本語

JSH150A東証グロースサービス業FY ending Mar 2026, consolidated, J-GAAP

JSH revenue and profit

It lost about ¥2 for every ¥100 of sales at the operating level. Revenue changed +19.5% from the prior year, operating profit -160.1%.

Five-year trend

Revenue¥4.74B
FY ending Mar 2023: ¥2.97B¥2.97BFY ending Mar 2024: ¥3.48B¥3.48BFY ending Mar 2025: ¥3.97B¥3.97BFY ending Mar 2026: ¥4.74B¥4.74BFY23FY24FY25FY26
Operating income-¥106M
FY ending Mar 2023: ¥164.7M¥164.7MFY ending Mar 2024: ¥208.4M¥208.4MFY ending Mar 2025: ¥176.3M¥176.3MFY ending Mar 2026: -¥106M-¥106MFY23FY24FY25FY26
Operating margin-2.2%
FY ending Mar 2023: 5.5%5.5%FY ending Mar 2024: 6.0%6.0%FY ending Mar 2025: 4.4%4.4%FY ending Mar 2026: -2.2%-2.2%FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin—
2023: 6.3%6.3%2024: 4.2%4.2%2025: 3.6%3.6%23242526
Asset turnover—
2023: 1.49×1.49×2024: 1.54×1.54×2025: 1.33×1.33×23242526
ROA-3.6%
2023: 9.4%9.4%2024: 6.4%6.4%2025: 4.8%4.8%2026: -3.6%-3.6%23242526
Financial leverage—
2023: 1.50×1.50×2024: 1.43×1.43×2025: 1.46×1.46×23242526
ROE—
2023: 14.1%14.1%2024: 9.2%9.2%2025: 7.1%7.1%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20236.3%1.49×9.4%1.50×14.1%
20244.2%1.54×6.4%1.43×9.2%
20253.6%1.33×4.8%1.46×7.1%
2026——×-3.6%—×—

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue37.0%
2025: 31.4%31.4%2026: 37.0%37.0%2526
PPE ÷ total assets46.3%
2025: 41.7%41.7%2026: 46.3%46.3%2526
Goodwill ÷ parent equity1.9%
2025: 2.3%2.3%2026: 1.9%1.9%2526
Goodwill balance¥37.3M
2025: ¥46.6M¥46.6M2026: ¥37.3M¥37.3M2526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue2,9683,4823,9674,740
Cost of revenue1,8372,2292,5173,319
Gross profit1,1311,2531,4501,422
SG&A9661,0441,2731,528
Operating income165208176-106
Pretax income161195180-126
Income tax-27493520
Net income attributable to owners188145144-121
Operating margin5.5%6.0%4.4%-2.2%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 24%
Property, plant and equipment 46%
2%
0%
Other assets 28%

Funding

Other liabilities 49%
Equity 51%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥803.5M¥1.2B¥810.8M¥884.6M
Total assets¥1.99B¥2.54B¥2.98B¥3.79B
Net assets¥1.33B¥1.83B¥2.04B¥1.94B
Share capital¥985.1M¥1.16B¥1.19B¥1.2B
Property, plant and equipment¥541.1M¥587.3M¥1.24B¥1.76B
Intangible assets excluding goodwill¥7.1M¥2.9M¥47M¥42.7M
Goodwill¥1.5M—¥46.6M¥37.3M
Investment securities¥1.9M¥1.9M¥1.9M¥1.9M
Current assets¥1.26B¥1.77B¥1.45B¥1.7B
Current liabilities¥404.5M¥529M¥657.3M¥788M
Short-term borrowings——¥176M¥100M
Long-term borrowings¥145M¥64.3M¥91.3M¥790.9M
Total liabilities¥660.5M¥705M¥944.1M¥1.85B
Non-controlling interests———¥5.1M
Equity attributable to owners of parent¥1.33B¥1.83B¥2.04B¥1.94B
Retained earnings-¥577.6M-¥432.1M-¥288M-¥409.3M

Sources

Show source documents (3)

  • EDINET (FSA Japan)

    有価証券報告書－第10期(2025/04/01－2026/03/31)

    ID S100YFUO2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第9期(2024/04/01－2025/03/31)

    ID S100W21B2025-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第8期(2023/04/01－2024/03/31)

    ID S100TPOV2024-06-25Open

Extracted from XBRL: 45 / Derived from other figures: 1

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